AIG Bank’s mission is to make it easier for you to grow your savings and achieve your financial goals, such as saving for retirement and other life events or buying a home.
Chartered in May 2000 to serve consumers, small businesses, AIG policyholders, and AIG employees, AIG Bank provides specialized FDIC insured deposit products, loan products, and banking services to these core customer groups nationwide.
No reviews have been left for this bank yet. Be the first to review.
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 AIG Bank had $0 in non-current loans and owned real-estate with $14.93 million in equity and loan loss allowances on hand to cover it. This gives AIG Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, AIG Bank has decreased its total deposits by -$754.49 million, resulting in -99.93% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth AIG Bank has shown is poor.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. AIG Bank has $18.17 million in assets with $14.93 million in equity, resulting in a capitalization level of 82.17%, which is excellent.
|FDIC Certificate #||35267|
|Assets and Liabilities|
|Equity Capital||$14.93 million|
|Loan Loss Allowance||$0|
|Real Estate Owned||$0|
|Historic Data - June 2013|
|Equity Capital||$117.87 million|
|Loan Loss Allowance||$156,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$361,000|
|Profit Margin - Quarterly|
|Return on Assets||1.21%|
|Return on Equity||1.29%|
Sorry, we do not have rate data for AIG Bank
|AIG Bank Locations|
|Aig Federal Savings Bank||600 North King Street, Suite 2||Wilmington, DE 19801|